Heated Warehouse with Finished
For Sale
Contact for pricing
30 N HWY 25 BYP, Greenville, SC 29617
Heated warehouse with finished office, 3-phase power, and sprinkler system with a 2024 upgraded riser for industrial operations.
Property Size31,000 SF
Lot Size5.11 Acres
Price / SF$92.90
Days on Market103
Property Features for 30 N HWY 25 BYP
General Information
Standard status
Active
Size
31,000 SF
Class
C
Lot size
5.11 Acres
Property subtype
Mixed Use, Land
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Renovated
2024
Units
1
Listing Agency:
The Stonebrook Group
Listed By:
Christian Joyce · License #141904
Source:
Crexi
Added: Jun 3
Changed: Sep 8
Last Checked: Sep 13 at 8:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Stonebrook Group
Investment Insights
Based on property information with market context.
The property features a heated warehouse totaling approximately 30,000 SF, along with about 1,000 SF of finished office space. Warehouse clear heights range from 13.8' to 18', supporting a range of storage and distribution needs. The building is equipped with 3-phase power and includes a fully sprinklered fire protection system, with an upgraded riser completed in 2024.
Situated on 5.11 acres in Greenville County, South Carolina, the facility is positioned just minutes from Downtown Travelers Rest. The site is located in unincorporated Greenville County jurisdiction.
This configuration can work well for owner-users and distributors that need both warehouse space and finished office area on the same site. The presence of 3-phase power and the recently upgraded sprinkler riser may also be important for operators planning ongoing, active use and maintaining current life-safety infrastructure. Investors evaluating industrial properties may value the combination of warehouse functionality, usable acreage, and the 2024 fire system infrastructure update.
Situated on 5.11 acres in Greenville County, South Carolina, the facility is positioned just minutes from Downtown Travelers Rest. The site is located in unincorporated Greenville County jurisdiction.
This configuration can work well for owner-users and distributors that need both warehouse space and finished office area on the same site. The presence of 3-phase power and the recently upgraded sprinkler riser may also be important for operators planning ongoing, active use and maintaining current life-safety infrastructure. Investors evaluating industrial properties may value the combination of warehouse functionality, usable acreage, and the 2024 fire system infrastructure update.
Key Highlights
- ±30,000 SF heated warehouse with ±1,000 SF finished office space on 5.11 acres in Greenville County, SC
- Clear heights range from 13.8' to 18'
- 3‑phase power for industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,901,220
$2.9M
Cap Rate 7%
$2,072,300
$2.1M
Cap Rate 9%
$1,611,789
$1.6M
Market Conditions
NOI Build-Up for 31,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$186.3K $6.01/SF
− Vacancy
−$15.7K −$0.50/SF
EGI
$170.7K $5.51/SF
− OpEx
−$25.6K −$0.83/SF
NOI
$145.1K $4.68/SF
Area
Greenville County, SC
Vacancy
8.40%
Lease Rate
$6.01 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,901,220
Cap Rate 7%
$2,072,300
Cap Rate 9%
$1,611,789
Alternative Uses
Best Use
Warehouse
$2.07M
$1.81M – $2.42M
NOI $145,061 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$1.71M
$1.49M – $1.99M
NOI $119,462 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$13.25M
$11.59M – $15.45M
NOI $927,157 @ 7.0% cap · market cap 32.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29617, SC
28,394
Population
11,599
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
80%
High-School Grad
22.4 sq mi
ZIP Area
1,268
Density / Sq Mi
$54,146
Median Household Income
$35,291
Median Earnings
$1,046
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Greenville, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated warehouse with finished office, 3-phase power, and sprinkler system with a 2024 upgraded riser for industrial operations.
Where is this flex space located?
The property is located at 30 N HWY 25 BYP Greenville, SC.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: ±30,000 SF heated warehouse with ±1,000 SF finished office space on 5.11 acres in Greenville County, SC; Clear heights range from 13.8' to 18'; 3‑phase power for industrial operations
